You simply must....
Is there a right or wrong time to invest? NO!! BUT the longer you wait, the more opportunities you miss!
Every investor knows that time in the market beats timing the market. What does that mean you ask?
Real Estate is a long-term proposition. You don’t often make money in the short term in real estate. So the longer time you spend IN the market beats trying to time your entry point.
If you take 1 year, or 2, 3 or 4 years to start your entry, then you will be 1 (or 2, 3, 4 years) behind in your road to wealth through property. Looking for market ups and downs, wondering if it has hit the bottom, waiting to see what the trend is…. All of this just means you are losing ground compared to someone that is able to purchase today.
Sydney median house prices have more than doubled in the last 10 years, so every year you wait, the money you saved in the same time is losing its purchasing power.
If you have your finance in order, you just must get into the market now.
You simply must get into the market now.
You simply must.
-Tony
P.S. For reference, In 2010, the median Sydney house price was $643,073. Sydney house prices 2021 soared to a new record of $1,309,195 after jumping $103,000 over the March quarter.